US & UK float prospect of emergency release of oil stocks from reserve.

Reuters: “Britain is poised to cooperate with the United States on a release of strategic oil stocks that is expected within months, two British sources said, in a bid to prevent fuel prices choking economic growth in a U.S. election year.” Price falls $4 on the news. The White House then denies this is an option. Gasoline prices are at near record levels in the US.